Morning Market Update, 15th May 2017

The Aussie market is poised to open slightly higher later this morning, after US markets ended mixed on Friday night.

SPI futures are up 10 points, at 5822.

Potentially impacting the market today will be fresh April data from China: retail sales, industrial production and fixed asset investment.

The pace of growth in China is decelerating and the focus is on the pace per se. Chinese officials, including the central bank, are working hard to maintain financial stability.

Iron ore, oil and base metals were steadier over the weekend. The yield on the US 10-year Treasury note fell to 2.32 per cent after the latest US consumer price data reinforced expectations that the US central bank will lift rates for the second time this year when policymakers meet next month.

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